Index comprising 30 companies in the Prime Standard segment that rank directly below the DAX® shares in terms of size.
TecDAX® was launched on 24 March 2003. It comprises 30 shares in the Prime Standard segment of FWB® Frankfurter Wertpapierbörse that rank directly below the DAX® shares in terms of market capitalisation and trading volume. The base date for the index is 30 December 1987 = 1,000 points.
The composition of the index is reviewed on a semi-annual basis and adjusted in March and September. The criteria for weighting the shares in the index are: trading volume and market capitalisation on the basis of the number of shares in free float.
A company can be removed from the index outside the regular review dates if it is no longer one of the 45 largest companies in terms of market capitalization or trading volume, or included in the index if it is one of the 25 largest companies in terms of market capitalization and trading volume. The exchange takes place on the next chaining date. All changes in the TecDAX index are based on the transparent rules set out in the Guide to Equity Indices of Deutsche Börse AG.
